Volet Card
Volet (ex Advcash) · Mastercard
Volet Card is a prepaid card linked to the Volet.com multi-currency e-wallet (formerly Advcash, founded 2014 and rebranded in 2024), letting users hold fiat and crypto and spend them after conversion to fiat. Cards run mainly on Mastercard (Visa on some European programs), across Digital (virtual USD), Europe Virtual/Plastic (EUR/USD) and Asia-Pacific tiers. The wallet is custodial and requires KYC. The Digital card has a $5 issuance fee and $2/month maintenance, ~0.95% conversion on out-of-currency spend, no cashback. ATM has fixed fees and per-transaction caps. The original Belize licence was replaced by a Canada MSB (FINTRAC) and EU EMI partnerships; the card issuer is not disclosed.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Account fee | €2 |
|---|---|
| Multi-currency | EUR, USD, BRL, KZT, RUB, UAH |
| Network | Mastercard |
| ATM withdrawal | Free |
| Free ATM limit | Digital $500/tx · Europe Virtual €2,500/tx · APAC $550/tx |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, UK, APAC, LATAM, MENA, AFRICA · 150+ countries |
| Regulator | FINTRAC (Canada) |
| OAM Italy registration | No |
| Segment | B2C |
| Funding / solidity | Volet.com (formerly Advcash / Advanced Cash Limited), a multi-currency e-wallet active since 2014 and rebranded to Volet in 2024; operates via entities in Canada (Queensland Foreign Exchange Inc., FINTRAC MSB M23153297) and EU partner EMIs. |
| MiCA / License status | Canada MSB (FINTRAC)Programmi EMI partner (UE)ex Belize FSC (Advanced Cash Limited) Registered as a Money Services Business (MSB) with FINTRAC in Canada (Queensland Foreign Exchange Inc. entity); card programs delivered via EU partner EMIs. Not a direct EMI licence. |
Strengths
- Long-running platform (since 2014) with broad multi-currency fiat and crypto support and global reach (150+ countries)
- No FX markup beyond the Mastercard rate on card-currency spend; instant virtual issuance
- Multiple regional programs (Digital, Europe, Asia-Pacific) with Mastercard and some Visa options
- No notable sovereignty advantage documented.
Weaknesses
- Custodial wallet with mandatory KYC; no cashback
- Card issuer undisclosed and licensing based on partner EMIs / MSB registration rather than a direct EMI licence
- Maintenance, load/unload and ATM fees add up; ties to the former Belize entity raise transparency questions
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Registered as a Money Services Business (MSB) with FINTRAC in Canada (Queensland Foreign Exchange Inc. entity); card programs delivered via EU partner EMIs. Not a direct EMI licence.): reporting to authorities and freezes on order.
Verdict
Weak protection: custodial wallet with mandatory KYC, undisclosed card issuer and coverage relying on a Canada MSB (FINTRAC) registration and partner EMIs rather than a direct EMI licence. No deposit guarantee scheme.
Low sovereignty: funds and keys are held in custody by Volet, full KYC required, and ties to the former Belize entity reduce transparency. No direct user control of assets.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Volet the same as Advcash?
Yes: Volet.com is the 2024 rebrand of Advcash (Advanced Cash), the multi-currency e-wallet active since 2014.
Is there cashback on the Volet Card?
No: the card has no cashback and charges issuance ($5) and maintenance ($2/month) on the Digital tier.
Sources
- Official service page Payment network · Regioni · Paesi num · Programmi · +4 Data verified on Jun 22, 2026
- cryptowisser.com Supported currencies · Regulator Data verified on Jun 23, 2026
- support.volet.com Regulatory framework · Azienda info · Paesi num Data verified on Jun 23, 2026
- todey.xyz Fees · Canone · Atm · Custodial · +1 Data verified on Jun 22, 2026